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Thursday, October 18, 2012

Notable Movers: Dean Foods Company (NYSE:DF) & Textron Inc.(NYSE:TXT)

Strong performance by industrial unit and high
demand of Bell helicopters led to an increase in net income by 6% for Textron
Inc.(NYSE:TXT). However, Shares shares of the company tumbled 5.71% to $24.94
Wednesday’s trade reacting to the shortfall of results from Wall Street
expectations.

Reporting an increase in net income by $9 million or
4 cents per share at $151 million, or 51 cents per share for the third quarter
in comparison to last year was the Providence, R.I.-based company.

Revenue from Bell helicopter unit rose 20% to $1
billion and industrial revenue rose 4 percent to $683 million. A decline by 13%
in Textron system to $400 million resulted in subsides of the revenue.

Contributing $16 million to its pension plan for the
quarter the company even raised its fiscal year outlook.

It expects the full-year earnings per share from
continuing operations to fall between $1.95 and $2.05 per share, up from
previous guidance of $1.80 to $2.

Analyst expects earnings of $2.08 per share with
estimates ranging from $1.91 to $2.20 per share.

Shares of Dean Foods Company(NYSE:DF) rose by $1.92
or 12.77% at $16.96 as the company’s WhiteWave-Alpro division filing papers
with SEC relating to its spin off into a separate company called White wave.

The IPO is expects to raise up to $320 million by
selling 20 million shares at about $14 to $16 each.

Sales for WhiteWave-Alpro are expected to come at $598 million, up 13% from the same period in 2011 with operating income for the
segment is expected to climb by 22% to $64 million.